Ready capital corporation (SLD)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12
Cash Flows From Operating Activities:
Net income (loss)

-6,910

75,056

63,606

68,748

73,389

61,457

64,701

59,506

54,775

45,814

59,158

56,355

53,850

53,406

36,201

55,402

53,463

44,768

38,986

11,493

30,656

32,722

38,635

41,503

8,062

7,553

1,198

5,109

16,006

20,265

0

0

0

Loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,158

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income from continuing operations

-

-

-

-

-

-

-

0

0

-

-

-

-

55,564

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Amortization of premiums, discounts, and debt issuance costs, net

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in unrealized gain or loss on derivative instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-4,434

-6,761

-2,174

1,281

520

3,004

-681

-890

0

0

0

Discount accretion and premium amortization of financial instruments, net

-

-

-

-

-

-

0

0

-7,115

-

-10,694

-12,950

-12,715

-17,978

0

0

0

-

-

-34,118

-34,143

-34,167

781

544

313

88

0

0

0

-

-

-

-

Amortization of guaranteed loan financing, deferred financing costs, and intangible assets

-

-

-

-

-

-

0

0

20,622

-

19,974

19,501

19,139

19,457

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for loan losses

42,970

3,684

3,689

3,796

2,052

1,701

1,077

743

1,298

2,363

4,987

5,009

6,867

7,819

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment loss on real estate, held for sale

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Charge off of real estate acquired in settlement of loans

-

-

-

-

-

-

0

0

672

-

1,667

1,303

1,369

1,833

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in repair and denial reserve

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in repair and denial reserve

-570

-345

0

0

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale or maturity of short-term investments, net

-

-

-

-

-

-

-

-

-

320,394

1,879,818

2,129,819

2,039,944

1,569,992

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of short-term investments

-

-

-

-

-

-

-

-

-

-

1,659,234

1,809,130

1,959,138

1,569,614

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net settlement of derivative instruments

14,242

6,219

3,890

4,234

1,079

-4,272

-3,923

-3,395

-3,525

1,256

1,715

1,273

1,716

2,058

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of loans, held for sale, at fair value

-

-

-

-

-

-

-

-

-

11,195

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Origination of loans, held for sale, at fair value

3,057,418

2,621,324

2,396,006

2,181,184

2,242,445

2,407,492

2,526,848

2,596,594

2,568,571

2,508,153

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from disposition and principal payments of loans, held for sale, at fair value

2,963,446

2,628,521

2,389,879

2,258,433

2,367,826

2,586,724

2,684,398

2,716,963

2,654,109

2,571,583

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Realized gains, net

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized losses, net

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (accretion)/amortization of (discounts)/premiums related to mortgage loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Change in unrealized gain or loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

Net (accretion)/amortization of (discounts)/premiums related to other investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Change in unrealized gain or loss on mortgage loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Change in unrealized gain or loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

0

0

-

0

0

0

Change in unrealized gain or loss on other investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Gain on sale of mortgages held for sale included in Residential mortgage banking activities

-

-

-

-

-

-

0

0

55,909

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Gain on derivatives included in Residential mortgage banking activities

-

-

-

-

-

-

0

0

39

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Creation of servicing rights, net of payoffs

-

-

-

-

-

-

-

-

15,524

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on bargain purchase

-

30,728

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity in net loss (income) of unconsolidated joint ventures, net of distributions

-528

5,716

5,688

5,013

2,708

-1,047

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchased future receivables, net of payoffs

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Allowance for doubtful accounts on purchased future receivables

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net changes in operating assets and liabilities
Net realized gains on financial instruments and real estate owned

-

-

-

-

-

-

0

0

28,595

-

16,345

13,104

9,689

6,914

0

0

0

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Net unrealized losses (gains) on financial instruments

-

-

-

-

-

-

0

0

8,726

-

17,070

17,928

19,555

17,937

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Proceeds from sale and principal payments on mortgage loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Originations and purchases of mortgage loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Gain on sale of mortgage loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Capitalization of originated mortgage servicing rights

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Assets of consolidated VIEs (excluding loans, net), accrued interest and due from servicers

5,907

21,265

15,433

21,250

1,421

12,088

-13,869

-5,225

8,617

-24,319

14,128

3,164

-2,251

21,817

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Receivable from third parties

-60

-7,556

-824

1,783

-10,346

2,132

-5,227

-105,582

-100,157

-464

2,665

102,471

106,515

2,328

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

27,118

26,286

17,698

10,318

11,488

-1,448

24,230

20,060

-2,800

13,898

-8,188

988

16,122

12,284

8,745

6,433

11,814

4,887

31,897

25,031

28,042

26,039

-2,570

2,500

-396

1,321

3,130

1,602

1,798

1,253

0

0

0

Accounts payable and other accrued liabilities

27,514

24,821

4,089

1,741

3,557

191

25,066

19,404

5,379

9,394

-7,154

-1,482

6,752

9,580

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in accounts payable and other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

3,486

1,413

1,952

1,302

1,174

2,373

2,134

1,226

0

0

0

Increase in contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Increase in accrued interest payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

16,482

46,305

54,498

56,367

28,501

-263,114

-266,137

-288,238

-256,487

5,299

2,824

9,669

8,131

0

0

0

-

-

-

-

Net cash (used in) provided by operating activities of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,719

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by operating activities

-153,465

-52,397

-59,776

24,068

93,131

140,297

239,487

184,234

385,255

352,489

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Cash Flow From Investing Activities:
Origination of loans

1,390,285

1,307,143

1,157,942

1,018,142

1,061,029

934,607

802,457

728,124

494,571

454,975

448,123

337,805

285,636

315,339

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of loans

662,078

739,002

577,813

600,526

356,409

369,418

429,869

350,289

283,750

147,327

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Origination of loans, held-for-investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of mortgage backed securities, at fair value

0

-

-

-

-

73,305

0

0

0

-

-

-

-

17,388

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of real estate

-

-

-

-

-

1,570

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Funding of unconsolidated joint ventures

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds on unconsolidated joint venture in excess of earnings recognized

13,417

15,578

14,284

14,627

22,531

20,884

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of liability under participation agreements, net of proceeds received

-

-

-

-

-

555

638

573

694

1,100

1,805

2,233

2,351

2,318

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from disposition and principal payment of loans

865,770

826,702

675,275

654,861

813,126

746,162

739,799

691,182

431,911

422,064

453,263

546,181

495,235

479,965

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from disposition and principal payment of loans, held-for-investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale and principal payment of mortgage backed securities, at fair value

16,108

14,354

17,823

31,381

29,996

30,381

24,457

9,805

12,015

9,577

107,518

106,256

194,517

297,250

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of real estate

26,549

18,983

15,699

10,757

1,302

1,631

4,585

4,408

4,839

4,802

3,684

4,761

4,750

6,633

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash acquired in connection with the ORM Merger

-

10,822

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Origination of mortgage loans held for investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of mortgage loans held for investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

84,795

299,199

408,118

334,162

334,162

119,758

10,839

0

0

0

0

Proceeds from principal repayments on mortgage loans held for investment and held for sale previously held for investment.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

22,234

22,512

17,362

13,871

0

0

0

-

-

-

-

Acquisitions of real estate securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

88,067

73,471

121,262

406,263

386,408

376,242

335,938

104,299

0

0

0

Proceeds from principal repayments on real estate securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

30,548

37,695

47,400

46,752

46,891

37,686

28,440

23,277

0

0

0

Proceeds from sales of real estate securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

20,829

239,508

286,619

291,348

292,294

99,370

55,515

74,216

0

0

0

Acquisitions of Other Investment Securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,926

10,676

10,676

0

0

0

0

-

-

-

-

Purchase of swaption

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,803

4,803

4,803

0

0

0

0

-

-

-

-

(Increase) Decrease in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-12,540

2,429

3,934

-2,016

21,386

4,173

7,216

15,051

4,005

-4,401

-4,010

-1,639

-90

10,264

8,569

2,052

0

0

0

Net cash (used in) provided by investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-62,609

-187,425

-892,917

-762,010

-764,233

-880,394

-120,986

-84,033

-189,469

-386,813

0

0

0

-

-

-

-

Net cash (used in) investing activities

-1,186,825

-1,212,792

-1,033,524

-977,193

-604,762

-580,759

-574,307

-427,355

-405,537

-235,728

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Cash Flows From Financing Activities:
Proceeds from secured borrowings

6,314,047

5,398,657

4,723,568

4,204,005

3,616,604

3,603,933

3,700,277

3,691,444

3,760,682

4,555,957

3,967,698

7,188,139

6,198,973

4,469,816

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of secured borrowings

5,493,620

5,087,424

4,242,770

3,911,437

3,444,208

3,406,779

3,407,263

3,851,570

4,004,217

4,853,403

4,542,894

7,474,328

6,393,427

4,649,987

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of securitized debt obligations of consolidated VIEs

-

1,395,518

1,096,571

1,112,258

815,186

607,837

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of securitized debt obligations of consolidated VIEs

483,780

477,205

378,432

335,767

351,556

297,774

395,984

295,517

233,399

227,800

100,654

158,197

155,216

122,988

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from borrowings under repurchase agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from note offerings

-

-

-

-

-

91,328

156,328

156,328

223,245

256,917

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of borrowings under repurchase agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of guaranteed loan financing

48,850

34,704

49,548

66,730

78,146

74,980

79,402

81,313

96,402

110,945

115,272

120,073

121,987

122,603

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of promissory note

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of deferred financing costs

22,271

28,207

23,014

20,748

21,926

18,831

15,566

25,390

18,951

16,885

15,669

5,468

3,305

1,456

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of common stock repurchase liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,750

0

0

0

-

-

-

-

Net borrowings under warehouse lines of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-240,477

-89,112

0

0

0

0

0

-

-

-

-

Borrowings from treasury securities repurchase agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net (repayments)/borrowings under loan repurchase facilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Borrowings from securities repurchase agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

136,555

149,704

173,407

366,103

352,006

317,472

253,707

79,129

0

0

0

Repayments of securities repurchase agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

105,014

301,858

309,835

343,592

328,072

139,115

91,545

60,646

0

0

0

Dividends on common stock and distributions on OP units (net of change in dividends and distributions payable)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

20,020

20,464

18,863

10,410

0

0

0

-

-

-

-

Contributions, net

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity issuance, net of offering costs

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

118,862

123,619

123,619

123,619

4,757

0

0

0

Payment of contingent consideration

-

1,207

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

148

156

156

163

15

0

0

0

Distributions from non-controlling interests, net

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Redemption)/Issuance of preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

115

0

0

0

Dividend payments

71,282

63,326

58,380

53,428

52,374

51,317

50,260

49,209

49,044

48,260

46,081

46,598

45,013

46,874

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Shares redeemed pursuant to reverse merger transaction

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,181

0

0

0

Net cash provided by (used in) financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,185

-

1,050,326

892,143

923,388

976,590

119,996

87,653

197,076

416,681

0

0

0

-

-

-

-

Net cash (used in) provided by financing activities

1,443,405

1,298,199

1,123,686

925,991

523,307

444,478

321,986

289,862

68,767

-106,502

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Net increase (decrease) in cash, cash equivalents, and restricted cash

103,115

33,010

30,386

-27,134

11,676

4,016

-12,834

46,741

48,485

10,259

32,983

11,331

-15,364

22,981

-40,813

3,372

-1,041

-15,171

-107,524

-137,052

-130,131

-161,339

4,309

6,444

17,276

37,999

6,202

18,132

6,618

12,734

0

0

0

Supplemental disclosure of operating cash flow
Cash paid for interest

136,293

126,188

120,528

111,282

107,282

95,946

85,605

77,678

70,609

62,106

62,779

55,633

55,749

54,686

0

0

0

-

-

-

-

17,707

13,621

11,995

7,934

5,696

3,841

2,018

1,468

1,377

0

0

0

Cash (received) paid for income taxes

-

-2,661

-2,769

-2,909

-3,023

898

2,328

1,436

4,089

3,773

2,746

6,211

4,821

6,161

0

0

0

-

-

-

-

1,136

0

0

0

0

0

0

0

0

0

0

0

Stock-based compensation

1,637

1,476

1,206

1,186

1,029

447

440

416

370

582

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental disclosure of non-cash investing activities
Loans transferred from Loans, held for sale, at fair value to Loans, net

0

-

-

-

-

644

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans transferred from Loans, net to Loans, held for sale, at fair value

-

-

-

-

-

-

-

-

-

4,493

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deconsolidation of assets in securitization trusts

-

177,815

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Incentive shares issued

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock issued in connection with merger transactions

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deconsolidation of borrowings in securitization trusts

-

177,815

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based component of incentive fees

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Conversion of mortgage loans held for investment to real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-

-

-

-

-

-

-